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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 24, 1973, Lethbridge, Alberta April 24, 1973 THI UTHMIDOI HWAID 21 Gold stocks up for second day TORONTO (CP) Gold is- sues continued to move higher while other prices on the To- ronto stock market declined slightly in moderate mid-morn- ing trading today. The gold index rose 3.19 to 274.39, its highest level since March, 1969. Grain prices Winnipeg grain WINNIPEG (CP) Prices were mixed in light trading at mid-session today on the Win- nipeg Commodity Exchange. Rapeseed turned lower and was 2% to 5% cents lower in Vancouver contracts and 2 to 3 in Thunder Bay cents lower contracts. Flax was stronger and as much as 9 cents higher in old crop futures. Barley was steady, oats was fractionally lower in light trad- ing and rye was fractionally higher. Monday's volume was 000 bushels of flax, bushels of rye and bushels of rapeseed. Mid-session prices Flax: May 9 higher 5.21B, July 9 higher 4.15B, Oct. 6% higher Nov. 4% higher Rapeseed Vancouver: June 5U lower Sept. 4% low- er Nov. 3% lower 3.75B, Jan. 2% lower Rapeseed Thunder Bay: May Vk lower July 2% low- er Oct. 2 lower Nov. 3% lower Oats: May lower 1.15B, July Vs lower Oct., Dec. not open. Barley: May 14 higher July unchanged 1.52A, Oct. VB higher Dec. un- changed Rye: May unchanged July higher Oct. Vs higher Dec. higher 1.3254B. WINNIPEG (CP) Grain quotes Monday (basis Lake- High Low Close Flax May 512 Jly 505% 499 505 Oct 504 49414 504 Nov 479 Rapeseed Vancouver JUB 387% 383 334% Sep 386% 381% 383% Nov 382 377% 378% Jan 375% Rapeseed Thunder Bay May 367% 363 Jly 367% 362% Oct 358% 357 Nov Oats May 115 Jly 114% Oct 107% 107% __ ____ Barley May Jly 364 364% 357% 353Y4 Dec Rye May Jly Oct Dec 143 132% 154Ts 156 152% 147% 149% 152% 153% 151% 114% 107% 107 153% 152 147% 150% 153% 155% 152 The industrial index, consid- ered a major indicator of ket trend, was off .10 to 222.86, base metals .26 to 103.39 and western oils .87 to 243.22. Volume by 11 was 000 shares compared ith 000 traded at the same time Monday. Real estate, steel, industrial mines and construction and ma- terial were among sectors on the market recording declines while paper and forest, bever- age, merchandising, chemical and banks were higher. Declines outnumbered ad- vances 130 to 96 and 183 issues remained unchanged. Interpool Ltd. fell to Texas Gulf to Massey- Ferguson to Micro- systems International to and Alliance Building to Electrohome gained to Falconbridge Nickel to Inter-City Gas to and Westcoast Transmission to United Siscoa Mines rose 30 cents to Gibraltar Mines to East Malar-tie Mines 20 cents to North Cana- dian Oils 50 cents to and Siebens Oil V4 to Denison Mines lost to Consolidated Rambler 25 cents to Black Hawk Mining 24 cents to 65 cents, Pine Point Mine to and Canadian Southern Petroleum one cent to 85 cents. MONTREAL (CP) All sec- tors except utilities and papers declined in moderate trading on the Montreal stock market to- Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same tune Mon- day. Industrials dropped .28 to 242.55, banks .18 to 271.56 and the composite .16 to 229.60 while papers gained .46 to 121.98 and utilities .25 to 159.57. On the Montreal Stock Ex- change, Laidlaw Motorways dropped 2% to Premier Cabievision 1% to Canada Permanent Mortgage 1 to and Pacific Petroleum to On the Canadian Stock Ex- change, Belgium Standard was down to on shares. NEW YORK (AP) Stock market prices slid lower again today as Wall Street continued to worry about the negative ef- fects of the conomy's rapid ex- pansion. The noon Dow Jones average of 30 industrials was down 5.04 to 950.33, and declines held about a two-to-one lead over ad- vances in light trading on the New York Stock Exchange. Among Canadians on the NYSE. Mclntyre was down to Dome Mines 1 to Sudson Bay Mining to Massey-Ferguson to and Alcan to Granby Mining advanced to On the Amex, Brascan slipped to CAREERS COUNTER SALES For wholesale firm with advancement to outside safes, in Lethbridge. Permanent position must be bond- able. Right altitude more important than experience. Give background and phone number toi BOX 34, HERALD SIMPSONS bears fastest growing retail business hot opening for COMMISSION SALES PEOPLE In the Sewing Machine and Appliance Departments will foe given to and know- ledgeobJs of above, or clmely eon you on opportunity for above everoga Income and a of benefit! including o 3714 hour work week. Apply hi perm to: PERSONNEL DEPARTMENT SIMPSONS-SEARS CENTRE VILLAGE MALI First off the line The body of a Citroen DS auto, the first to come out of a new plant in the Paris suburb of Aulnay Sous Bcis, passes recently through a drying room filled with infra-red lights of 375 watts each. The new Citroen plant will progressively replace old- er buildings in Paris. Miscellaneous quotations Livestock Vancouver, Calgary, Montreal (Supplied by Doherty. McCnaig Limited) LAST BID OR SALE Quota) a.m. Quotes) a.m. Quotes) WESTERN OILS AND MINES Alta East Gas 9.40 Alm'inex 6.05 Asamera 11.25 Ashland BP Canada 5.85 4.15 3.85 8.50 .22 53.25 4.00 11.25 38.75 9.85 .38 3.25 9.75 33.00 Brenda Mines Can South Cnd Export Gas Cnd Homestead Cnd Ind Gas Oil Cdn Long bland Cdn Superior Charter Chieftan Dome Pete Dynasty Fort Reliancs Giant Mascot Gran isle Great Plains Gt Cdn Oil Sands 8.90 Lochiel Expl 2.60 Lytton Mines 1.52 Noble Mines 1.30 North Cdn Oils 7.75 Numac 16.25 Paneanadian 14.53 Pan Ocear. Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rainbow Seibens Soocner Total Ulster westcosst Pete Western Decalta Crowsnest Ind cygnus A Cygnus B Faicon Copper F and M Trust 13.62V4 Genstar UiiVa Horns Oil Home Oil B Hudson Bay Co 22.03 Hudson Bay Oil 48.50 Hud Bay Oil Pfd 55.25 Hugh Russell 47.50 Husky Oil Husky Oil B 43.12V} Husky Oil D 7.49 Husky Oil E 8.80 Inter Prov Pipe 10.75 Inter Prov Steel 14.42Vi Kaiser Resources 3.05 Lobiaw 2.40 C 30.50 Magnasonics 12.75 Pacific Pete 32.00 Pac west Airlines 11.25 Pe Ben Oil Ser 7.50 Rainier tnc 4.75 Royal Trust 27.00 St. Maurice Cap 1.10 Santiwel! 3.50 Teledyne 4.50 14.62Vi West Cdn Seed 5.87Vi 1.33 V.'estfield Min 1.25 .27 West Geo. A .65 Whitepass and Yule 14.25 .36 PIPE UNE STOCKS Alfa Gas A 14.75 Aita Gas Pfd 73.00 14.12'A Nat Gas 21.00 Inland Nat Gas 11.25 N and C Gas 10.75 i'SSit N and c Gas B 23-so Pac Gss Trans 12.25 Gaz Metro 4.80 utcfct i Aucmic Gaz Metro A C7.50 MISCELLANEOUS Pipe 377S Trans Cdn Pipe A 70.00 "27.25 VANCOUVER 7.75 Mines 7.75 Afton 8.00 13.75 Atlas Explor Jl Bath Norse .80 croyden 05ft 40.62Vi Dankoe 1.40 38.50 Davenport .32 Dolly Varden .32 Equitorial Res. .19 Lornsx 9.35 Primer .15 Pyramid .17 Silver Standard .68 Val Coppsr 9.80 INDUSTRIALS Captain Int 1.75 Col Brewing 3.20 Hys Cda 5.00 Key Ind .32 OILS Albany Oils 1.14 Plains Pete .24 Stamp Int'l Re .72 West Exclor .07 MUTUAL FUNDS All Cdn Com 7.69 8.41 All Cdn Divid E.60 9.07 All Cdn Vent 400 4.37 5.75 6.31 2.85 5.28 5.79 15.30 16.81 4.03 4.43 INDUSTRIES Acres Limited Aquitaine B.C. Ssgsr Pid Block Brinco Cdn Brew A 27.25 Cdn Brew B 32.75 Cdn Pac Inv Pfd 30.00 Crestbroofc Ind 8.50 Trans Cdn Pine B 40.75 wsr Trans Cdn ,XX WC Trans 5 62'A WC Trans Wfs CALGARY Acroll N. Contin West Warner Special Cdn Invest F Cmnw Inter Cmnw Lev 7.84 S.62 Corp Invest 6.42 7.05 Corp In St F 5.35 5.87 Dreyfus U.S. 11.91 13.05 Gr In Shares 4.12 4.54 Grwtn Equity 9.49 Invest Gr F 12.84 14.06 Invest Mut 6.05 6.62 Mut Accum 6.36 6.99 Mut Gr F 3.S9 4.23 Nat Resource 8.16 8.92 N.W. Cdn 5.70 6.26 N.W. Growth S.39 5.92 Prin Growth 4.8S 5.34 Royfund 7.00 7.29 Templeton Gr 9.4010.27 .52 United Accum 5.41 "5.95 Unl Savings 8.22 9.03 .35 Vanguard 7.62 8.25 22.75 4.70 Toronto mines, industrials (SappEed By Richardson Securities of Canada) LAST BID OR SALE r.m. auoresi a.m. a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Cassiar Central Paf. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmonf Dickenson Mines Mines Deer Horn D'Eldona Dome Mines Donalda Discovery East Malartic East Sullivan Falcon bridge Frobex First Gient Y.K. Bovis Cranduc Hollinger Hudson Bay M-S Hydra Ex. Iran Bay Iso Jollet Quebec Kerr Adtfison Key Anacon Labrador Lake Shore LanglS Silver Madsen R.L. Malartic G.F. Martin MeNeely Mela MJdrlm Intern Nu West Homes New New Caiunwt W. Horse Copper Nnranaa Osisko .15 Pine Polnf 1.18 Placer Dev. 1.20 P.C. Exp. 2.60 Quebec Man .37'A Rayrock 14.25 Radiore 4.50 Rio Algom 6.35 Roman Corp 1.90 Sherritt Gordon 10.50 Steep Rock 1.28 Tele Corp. 1.23 Texmont 6.89 Upper Canada 4.10 Western Mines .22'A Wright 1.30 1.01 Willroy 1.17 Windfall -10 Yellowknlfe Bear 4.10 Zenrnac INDUSTRIALS 6.45 7.80 33.75 .08 .44 88.50 .40 1.25 2.80 74.50 .27 Abitibi Alcan Alsonw Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Trae B.C. Tel E.15 Burns 2.60 B.C. Forest 3.6) B.C. Suoar 49.1214 Bow Val Ind 23.09 CAE Ind .1i Cdn Brew 3.SO Chemcell 2.04 Col Cell Calgary 12.75 Coro-i Cred't .13 C.W.N. Gas Pfd Cdn Ind 3.60 Cdn Marconi .05 Cdn VJckers .82 Chrysler 1.CS C.P.R. ,35 Coinlnco 53.00 Cons Baft) -11'A Cons Gas .16 Oist Sesorsins 1462% Dwn Bridge 10.75 Corner .22V2 Grt Cdn Oil 31.75 Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Imasca Int Nickel Inf Pipe Inv Gro A Int Ulil Ind Accept Kaps Laurentide KeilyDoug A Losb .07% Lotlaw A Wief Stores 55.25 2.90 1.29 .32 27.25 S.10 3.75 .29 3.20 Nortex 3.50 6.70 Dom Dome Dcfasco cable 11.37% AV-assey McMillan Bloe 17.50 Mowe Corp 12.75 Molsons A 7.50 Molsons B 11.75 Nachurs North Cent T1.50 Power Corp Price Co. 17.75 Roffcmans St- Law Corp 20.62Vi Shell CDA 32.25 Simpson's 11.00 SImo New 5.25 Steel of Cda 4.S5 Selkirk A 2.80 59.05 Traders Grp A 1.P5 Trsns MJn Pp I'.OO Trens Cda Pp 17m Union Gas 4.10 Union Oil 13.25 United Siscoe 32.03 Versatile Mfg 18.25 Westecl 79.75 Union Cart) 23.S7VS Wellon's 8 16.50 WowJiwanJ's A West Cdn Seed 24 to Zcnilh Else BANKS 14.50 Cdn 38 75 Montreal Hove 8.90 73.25 22.25 35.00 4.50 32.00 52.25 34.62V2 ll.ffl'A 11.50 26.62'A 18.50 7.87Vi 13.00 7.25 4.85 18.50 30 JO 28.00 27.75 8.8714 3.80 12.4IV5 15.25 14.75 20.37% 32.75 14.87% 14.00 58.50 22.00 37.75 11.50 8.90 7.00 29.Z5 17.00 15.75 Tor-Dam 2-73 3125 1S.SO 3573 33 7S Calgary livestock CALGARY (CP) Eeceipts on the Calgary livestock mar- ket to 11 a.m. today totalled 1.000 head, mostly slaughter cattle. Trade was active with a broad demand for all class- es of slaughter cattle. Slaughter steers were fully steady; heifers were fully steady with sales to 42.10; cows were steady with heifery kinds to 35 and a few bulls were steady. Al, A2 steers 42.75 to 43.40, A3 41.50 to 42.50. Al, A2 heifers 40.75 to 41.70, A3 39.50 to 40.50. Dl, D2 cows 33 to 34.40, D3 31.25 to 32.75. D4 27 to 31. Good bulls 36 to 39. Replacement cattle were in short supply with most of the offering steers 900 pounds and more. Heifers were mostly 600 to 700 pounds. Prices were gen- erally steady. Insufficient good stock calves were cffered to es- tablish a market. Good feeder steers more than 750 pounds 40 to 44. Good feed- er heifers more than 550 pounds 37 to 43 with sales to 45. Good feeder cows 28 to 34. No hogs to 11 a.m. New union officials elected HONG KONG (Reuter) China has taken a significant step toward reviving its dis- credited labor unions. A six-day meeting in Peking elected new union officials and urged Chi- nese workers to speed up con- struction. The New China News Agency, in a report monitored here to- day, said the sixth Congress of Peking Trade Unions last week was attended by delegates. Unions in China went out of favor during the 19RK9 cultural revolution. They were linked with the "revisionist" line of deposed head of state Liu Shao- chi, a prominent labor organ- izer during the early years of the Communist movement in China. Market basket prices up U.S. food costs up again WASHINGTON (AP) cost of the United States mar- ket basket went up another in March, the agriculture de- partment said Monday. The department said the cost of its market U.S.-produced food to feed a theoretical family of 3.2 persons for a 3.5 per cent to in March from in February. The market basket cost went up 2.7 per cent in January and Algae population of lake has two segments By DR. J. R. ALLAN Plant Physiologist Lcthbridge Research Station The algae population of a lake is composed of two segments, pbytoplankton and filamentous algae. The phytoplankton, or plant plankton, are minute, simple, unicellular organisms that are free-floating in the upper six faet of the water. Filamentous algae are more complex, thread-like, occasion- ally multicellular organisms that form dense mats or "scum" on the surface of the water. The phytoplanktons serve as food for small aquatic life and the filamentous algae act as shelter for many different aqu- atic animals. Today, the beneficial role of phytoplankton and filamentous algae is often clouded by their overabundance. Blue green algae are cap- able of producing extensive "blooms" under the stimulus Hog prices There were no cattle sales Monday due to the regular sale of hogs. Sales 1145 hogs, all classes of weaner and feeder hogs met keen demand. Weaners sold to higher. Light feeders under 100 Ibs. sold S3 to higher. Heavy feeders over 100 Ibs. sold to higher. Weaners 20% to 30. Light feeders under 100 Ibs. 29% to 37.50. Heavy fesders 100 Ibs. to 130 Ibs. 39.50 to 43. Heavy feeders over 130 Ibs. 49 to 60. Light feeders under 100 Ibs. sold from to 60 cwt. Heavy feeders over 100 Ibs. sold from to 39.50cwt. Bred sows and gilts 70 to 92.50 per head. Boars 70 to 142.50 per head. Butcher hogs sold Monday at the Lethbridge yards 42.35 to 42.85 base price. 115 butcher hogs sold for ex- port at live weight. 195 head sold for export at 33.35 live weight. Beef futures WINNIPEG (CP) Live beef futures dose Monday. May 43.00A; Jly 42.75A; Sep 41.50A; Nov 40.50N. Thursday's volume: No con- tracts. of excessive nitrates and phos- phates. This may result in sum- mer fish-kills due to the de- pletion of oxygen in the water during tbs night and on dull days. Death and decay of these massive algal populations lead to serious de oxygenation. Blue-green algae are also cap- able of releasing into the water toxins that may cause the death of fish, aquatic wildlife, and livestock. Algae reproduce very rapid- ly, especially when nutrients such as nitrates and phosphates are plentiful, sunlight is abun- dant, and the water is warm. Thus, almost overnight, exten- sive mats of algae may form from late June to late August. Excessive populations of algae can be controlled by re- ducing the nutrient load in the lake or through chemical con- trol. However, complete eradi- cation should not be attempted. Many species of algae are nec- essary for a healthy and abun- dant fish food population. Algae may be controlled by applying a diluted non-persis- tent, aquatic herbicide over the surface of the water in the early morning when the algae are actively growing. Applying .the herbicide be- fore the algae are visible servss no useful purpose because the residues of the herbicide usu- ally disappear from the water within 36 hours. The dosages used for algae control are well below toxic levels for small fish and aquatic animal life. The algaa die within 24 hours after treatment and the dead material sinks to the bottom of the lake. To prevent the deple- tion of oxygen by decaying or- ganic areas matter, only limited of the lake should be treated at any one time. This type of herbicide application provides only temporary con- trol of algae. The major goal in controlling lake algae is to remove the overabundant scums that spoil the lake's appearance without destroying the beneficial aqu- atic plants. Dollar value MONTREAL (CP) U.S. dollar in terms on Canadian funds at noon today was up 3- 100 at 31-100. Pound ster- ling down 3-20 at In New York, the Canadian dollar was down 3-100 at 69-100. Pound sterling down 3-80 at 7-20. CORRECTION NOTICE! Re our advertisement on page 12 of The Lethbridge Herald, Monday, April 23rd under 'Tuesday Super Bargains" FACELLE ROYALE TOWELS paper towels. Single roll pack. Assorted Quality colors. Should read rolls 2.5 per cent in February. The price of the U.S. market basket has risen in the last three months and in the last year. Farmers again were respon- sible for most of the increase although middlemen also shared in the profits, the statis- tics showed. The price fanners received jumped 6.8 per from the middle- man's share went to from S802. The department said the farmers' share has increased in the last rise of 28.3 per cent. The middlemen's those who transport, process and sell the products- has risen for a 1.7-per-cent increase. Farmers received 44.5 cents of each dollar spent in retail food stores for foods from U.S. farms in March, the report said. That compared with Feb- ruary's figure of 43 cents. Higher retail prices for bee! and pork accounted for much of the increase, the agriculture de- partment reported. Egg prices were down sharply for the sec- ond consecutive month. Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture de- partment for the week ending April 21: Eggs: To producers: A large 53; A medium 50; A small 33; B 33; C 10; cracks 18. To retailers: .A large 63 to 65: A medium 58 to 62; A small 43 to 45; B nil; C nil; cracks-nil. (Three cents extra in To consumers (in A large 65 to 71; A medium 59 to 68; A small 52 to 55. Poultry: To producers: Live No. 1 chicken Broilers, 27; 6 and over 29.5; 5 and under 6, 27; 4 and under 5, nil; Fowl 5 and over, nil; 4 and under 5, nflj under 4, 5 to 7; Turkey Utf- der 12, 33; 12 to 18, 32.5; over 18, 33. Live No. 2 der 12, 30; 12 to 18, 29.5; over 18, 31. CMHC APPOINTMENT W. G. O'REILLY William G. O'Reilly has appointed to thet new position of Regional Director for Central Mortgage and Housing Corpora- tion in the Prairie Provinces. In making the announcement, CMHC President H. W. Higneft said the responsibilities of the Corporation's senior positions in the field are being broadened In accordance with the recommen- dations of a management study aimed at a reorganization and decentralization of CMHC opera, lions. Mr. O'Reilly has been with CMHC almost since inception in 1946 and si a former Manager of the Edmonton and Calgary u 'Minding your own business" New York stocks By RicBarftstm Securities of Canada) N1W YOMC Mortfiomwy Ward 73 Influst 2ZZJO-.54 ATW T wxj T B Sears W.OO JO Golfll 273JJ end 1 36 a.W S1d Oil or N.J. 10 Bstf AAtfilS 10357-08 Sted 22.73 IS West Chrysler Jl Co Vstuo? ComiBt SO.STViWx 1S.67V4NEW YORK AVERAGES Dwpant Woslworth 77 00 33 Jl Genertl >ftflc Gt'W Wl HirvwW Kerm Copper IS S'jylc 27.7i TORONTO AVERAGES Volume 793-33-! 05 Thieves get tools, cash A small amount of cash, an i river valley beside Highway 3 i Underwood calculator, and West. is the title of our series of free pamphlets about good business management practices for owners and managers of smaller businesses. Pamphlets now available are: 1. Reference booklets for small business 2. Giving creditto your customers 3. Presenting your case for a term loan 4. Forecasting for an existing business 5. Managing your current assets 6. Forecasting for a new business 7. Managing yourfixed assets. 1 sums worth of tools was stolen Sun- day night in a break-in at OonsJnjctioD, in OK Entry was apparently gained by breaking a wiadow ia door. To obtain copies, write to: Director of Advisory Services, Industrial Development Bank, P.O. Box 6021, Montreal 101, Qua ;